Baxter International Inc.
MX ˙ BMV ˙ US0718131099
SecurityMX:BAX / Baxter International Inc.
InstitutionEmpirical Finance, LLC
Latest Disclosed Ownership17,562 shares
Latest Disclosed Value $ 295,042
Empirical Finance, LLC reports 0.15% decrease in ownership of BAX / Baxter International Inc.

On May 14, 2026 - Empirical Finance, LLC filed a 13F-HR/A form disclosing ownership of 17,562 shares of Baxter International Inc. (MX:BAX) valued at $295,042 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 17,589 shares of Baxter International Inc.. This represents a change in shares of -0.15% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F/A-1 BAXTER INTL COM 071813109 17,562 -27 -0.15 295 -12.20 0.0139
2026-05-14 2026-03-31 13F BAXTER INTL COM 071813109 17,562 -27 295 0.0139
2026-02-12 2025-12-31 13F BAXTER INTL COM 071813109 17,589 -788 -4.29 336 -19.62 0.0160
2025-11-13 2025-09-30 13F BAXTER INTL COM 071813109 18,377 179 0.98 418 -24.14 0.0199
2025-08-11 2025-06-30 13F BAXTER INTL COM 071813109 18,198 119 0.66 551 -10.84 0.0288
2025-05-07 2025-03-31 13F BAXTER INTL COM 071813109 18,079 755 4.36 619 22.38 0.0374
2025-01-28 2024-12-31 13F BAXTER INTL COM 071813109 17,324 -228 -1.30 505 -24.17 0.0292
2024-11-06 2024-09-30 13F BAXTER INTL COM 071813109 17,552 384 2.24 666 16.03 0.0389
2024-07-30 2024-06-30 13F BAXTER INTL COM 071813109 17,168 -1,117 -6.11 574 -26.50 0.0359
2024-05-06 2024-03-31 13F BAXTER INTL COM 071813109 18,285 617 3.49 782 14.35 0.0480
2024-02-14 2023-12-31 13F BAXTER INTL COM 071813109 17,668 151 0.86 683 3.33 0.0476
2023-11-02 2023-09-30 13F BAXTER INTL COM 071813109 17,517 1,776 11.28 661 -7.81 0.0486
2023-07-27 2023-06-30 13F BAXTER INTL COM 071813109 15,741 1,787 12.81 717 26.90 0.0555
2023-04-05 2023-03-31 13F BAXTER INTL COM 071813109 13,954 649 4.88 566 -16.67 0.0530
2023-02-21 2022-12-31 13F/A-1 BAXTER INTL COM 071813109 13,305 1,063 8.68 678 2.88 0.0702
2023-01-24 2022-12-31 13F BAXTER INTL COM 071813109 13,305 1,063 1 0.0702
2022-11-04 2022-09-30 13F BAXTER INTL COM 071813109 12,242 2,009 19.63 659 0.30 0.0782
2022-08-01 2022-06-30 13F BAXTER INTL COM 071813109 10,233 546 5.64 657 -12.52 0.0837
2022-04-21 2022-03-31 13F BAXTER INTL COM 071813109 9,687 1,070 12.42 751 1.49 0.0841
2022-02-04 2021-12-31 13F BAXTER INTL COM 071813109 8,617 2,277 35.91 740 45.10 0.0874
2021-11-12 2021-09-30 13F BAXTER INTL COM 071813109 6,340 359 6.00 510 6.03 0.0769
2021-08-10 2021-06-30 13F/A-1 BAXTER INTL COM 071813109 5,981 854 16.66 481 17.03 0.0784
2021-08-04 2021-06-30 13F BAXTER INTL COM 071813109 5,127 0 411 0.0723
2021-05-13 2021-03-31 13F BAXTER INTL COM 071813109 5,127 0 0.00 411 0.00 0.0723
2021-02-02 2020-12-31 13F BAXTER INTL COM 071813109 5,127 905 21.44 411 20.88 0.0723
2020-10-28 2020-09-30 13F/A-1 BAXTER INTL COM 071813109 4,222 881 26.37 340 18.06 0.0729
2020-07-20 2020-06-30 13F/A-1 BAXTER INTL COM 071813109 3,341 429 14.73 288 22.03 0.0737
2020-04-16 2020-03-31 13F BAXTER INTL COM 071813109 2,912 2,912 236 0.0734
2018-02-01 2017-12-31 13F BAXTER INTL COM 071813109 0 -3,389 -100.00 0 -100.00
2017-10-31 2017-09-30 13F BAXTER INTL COM 071813109 3,389 3,389 213 0.0735
2017-05-11 2017-03-31 13F BAXTER INTL COM 071813109 0 -229 -100.00 0 -100.00
2017-02-13 2016-12-31 13F BAXTER INTL COM 071813109 229 229 11 0.0074
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.